Monoprix

Monoprix S.A. (French pronunciation: ​[mɔnɔpʁi]) is a major French retail chain with its headquarters in Clichy, Hauts-de-Seine, France, near Paris.[1] The company's stores combine food retailing with fashion, beauty and home products.

Monoprix
TypeSociété par actions simplifiée
IndustryRetail
Founded1932 (1932) in Rouen, France
FounderMax Heilbronn
Headquarters,
Number of locations
700+
Area served
France
Key people
Jean-Charles Naouri (CEO)
Brands
  • Monop'
  • Monop' Daily
  • Monop' Beauty
  • Monop' Station
  • Naturalia
ParentGroupe Casino
Websitewww.monoprix.fr Edit this at Wikidata (in French)
A Monoprix location, which is the former head office of the Félix Potin company, in Paris
A Monop' location in Paris

HistoryEdit

The company was founded in 1932 in Rouen by Max Heilbronn, a son-in-law of Theophile Bader, the founder of Galeries Lafayette.[2]

In 1991, Monoprix acquired the Uniprix brand after Galeries Lafayette took over Nouvelles Galeries, the parent of Uniprix.

In 1997, the chain merged with French retailer Prisunic, in a deal that saw Casino Group acquire a 21% stake in the merged company.[3]

In 2000, Galeries Lafayette, entered into an agreement to sell a 50% interest in Monoprix. Casino Group provided Galeries Lafayette with a put option to sell the remaining 50%. In 2012, after legal wrangling over the value of the put option, the shareholders of both firms agreed on a sale price of $1.6 billion (€1.2 billion).[4] The Autorité de la concurrence, France's competition regulatory body, approved the transaction in 2013, with the condition that the merged group sell 58 stores. This allowed the deal to close, making Monoprix a wholly-owned subsidiary of Casino Group.[5]

Monoprix has more than 700 shops in total: most under the Monoprix brand, but also smaller Monop', Monop' Daily, Monop' Station, Monop' Beauty, and Naturalia formats.[6] It has a presence in over 250 towns and cities in France and employs around 21,000 people.

See alsoEdit

ReferencesEdit

  1. ^ "Informations légales Archived 2010-02-09 at the Wayback Machine." Monoprix. Retrieved on 4 February 2010. "Siège social : 14 - 16 rue Marc Bloch 92116 CLICHY Cedex"
  2. ^ O'Connor, Clare (26 November 2013). "High Fashion, Nazi Plunder And Family Feuds: Retail's Newest Billionaire Has Quite A Story". Forbes.
  3. ^ Jones, Terril Yue (20 April 1998). "Eat or be Eaten". Forbes.
  4. ^ Daneshkhu, Scheherazade (29 June 2012). "Casino and Lafayette end Monoprix fight". Financial Times.
  5. ^ Daneshkhu, Scheherazade (13 July 2013). "French watchdog approves Casino's takeover of Monoprix". Financial Times.
  6. ^ "Nos enseignes" [Our brands] (in French). Monoprix. Retrieved 4 June 2021.

External linksEdit